Thursday, June 4, 2009

Australian dollar was trying to rise above

The weakening in the stock markets and the overall recovery position of the U.S. currency have resulted in the AUD / USD on Wednesday dramatically adjusted below, the subsequent attempts recovery observed in the Asian session, were sealed weaker than expected data on the trade balance. Heard the latest commentary chapter RBA Glenn Stevens looked favorable for the Australian currency, which is a pair of British shopping account supported its stabilization, which so far has inspired new attempts by the bulls on growth. Ofer around $ 0.8050 while holding Australian currency, but the break above could support the further recovery, although dealers noted that recent attempts to increase the willingness to use a real account and speculators for sales, and interest in reducing the long-positions in the near future could continue. Currency strategists Royal Bank of Scotland, meanwhile, also did not exclude the persistence of certain Aoussa weakness in the near future, but warn that the lack of substantial change of sentiment in the markets break below $ 0.77 is maloveroyatnymy, and attempts to reduce the support around $ 0.7880 it makes sense to use to open tactical long positions.

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